Suzanne plans to retire in $15$ years' time. With regard to her RRSP savings, she would like that her investments reflect a medium risk tolerance. At the same time, she wants some form of guarantee in the event of a market slump, because many of her friends lost their savings following a stock market crash a few years ago. Since she likes things to be simple, she prefers that her RRSP investments comprise a single product.

Wnich one of the following products would meet Suzanne's needs?

$$ An equity mutual fund

$$ A balanced segregated fund.

$$ An EIF replicating the S&P$/$TSX$.$

A guaranteed investment certificate